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Bank guarantee

Contract between a bank as guarantor and a beneficiary in which the bank commits itself to pay a certain sum under certain, specified conditions. Thus, a demand guarantee is one in which the bank agrees to pay against the simple written demand of the beneficiary.

News On Bank guarantee
ICICI Bank unveils first guarantee-backed home loan product

26-08-2015| Source:PTI

It will help customers raise the eligible amount by up to 20 percent and increase the tenure by up to seven years, MD and CEO Chanda Kochhar told reporters here. ICICI Bank Extraa Home Loans can

RIL raises $225 million through overseas bond issue

20-08-2015| Source:PTI

RIL said this is the first time Export-Import Bank of the United States guaranteed Notes issuance out of India.

Reliance Industries: Updates on pricing of notes due 2026

20-08-2015| Source:Moneycontrol.com

Reliance Industries on August 18, 2015 priced an offering of USD 225 million 2.512 percent notes due 2026 guaranteed by the Export-Import Bank of United States.

Alok Industries gets $50mn under EPBG scheme; stk up 5.7%

20-08-2015| Source:Moneycontrol.com

Moneycontrol BureauShares of textile company Alok Industries gained 5.7 percent intraday Thursday on the back of receiving an additional advance of USD 50 million under Export Performance Bank

NGT tells CIL to deposit Rs 10cr bk guarantee in green norm

19-08-2015| Source:PTI

While hearing the case filed by NGO Prayatna, the NGT on Friday directed the CIL to submit bank guarantee of Rs 10 crore before the Member Secretary, Madhya Pradesh Pollution Control Board, here

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